S&P Announces Changes to US Indices: CLHB for DRS, CFL for CHRS, FULT for FDRY, CRVL for OMN

October 22, 2008 5:19 PM EDT

Clean Harbors Inc. (NASDAQ: CLHB) will be added to the S&P MidCap 400 after the close of trading on Monday, October 27. Clean Harbors is taking the place of DRS Technologies Inc. (NYSE: DRS) which was removed from the index after the close of trading today upon completion of its acquisition by S&P Global 1200 constituent Finmeccanica SpA .

Brink’s Home Security Holdings Inc. (NYSE: CFL) will replace Charming Shoppes (NASDAQ: CHRS) in the S&P MidCap 400 after the close of trading on Friday, October 31. Brink’s Home Security is being spun off from S&P MidCap 400 constituent The Brink’s Company (NYSE: BCO) in a transaction expected to be completed on or around that date. The Brink’s Company stub will remain in the index. As of today’s close, Charming Shoppes had a market capitalization of approximately $156 million whereas the minimum market cap required for inclusion in the index is $1.0 billion.

Fulton Financial Corp. (NASDAQ: FULT) will replace Foundry Networks, Inc. (NASDAQ: FDRY) in the S&P MidCap 400 after the close of trading on a date to be announced. Foundry Networks is being acquired by Brocade Communications Systems Inc. (NASDAQ: BRCD) in a transaction still pending final approvals.

CorVel Corp. (NASDAQ: CRVL) will replace OMNOVA Solutions Inc (NYSE: OMN) in the S&P SmallCap 600 after the close of trading on Monday, October 27. As of today’s close, OMNOVA Solutions had a market capitalization of approximately $27 million, ranking it 600th in the index.


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Stocks Mentioned

BCO 24.37

+0.41 +1.71%
Volume: 187,358
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BRCD 9.22

+0.23 +2.56%
Volume: 4,346,156
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CFL 32.25

+0.14 +0.44%
Volume: 217,508
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CHRS 5.20

+0.34 +7.00%
Volume: 812,413
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CLHB 59.89

+0.00 +0.00%
Volume: 320,548
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CRVL 30.89

+0.04 +0.13%
Volume: 12,665
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DRS 80.35

+0.00 +0.00%
Volume: 55,600
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FDRY 16.66

+0.00 +0.00%
Volume: 14,213,618
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FULT 8.21

+0.28 +3.53%
Volume: 860,986
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OMN 7.20

+0.19 +2.71%
Volume: 137,875
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